DuPont de Nemours, Inc. $DD Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,141 shares of the basic materials company’s stock after selling 762 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in DuPont de Nemours were worth $1,296,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JNBA Financial Advisors grew its stake in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $35,000. Ransom Advisory Ltd acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $40,000. Finally, REAP Financial Group LLC grew its position in shares of DuPont de Nemours by 80.1% during the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 269 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DD shares. JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Mizuho lifted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

DuPont de Nemours Price Performance

NYSE:DD opened at $79.70 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. The firm has a market cap of $33.37 billion, a P/E ratio of -169.58, a PEG ratio of 2.46 and a beta of 1.08. The business’s 50-day moving average price is $77.21 and its 200 day moving average price is $71.42.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.02 billion for the quarter. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.